The Bank of Maldives BML has announced positive changes to its Kids’ Saver accounts with an increase in rate to 3% profit on MVR accounts and 3.5% profit on USD accounts.

The Bank also announced a new promotion to offer fantastic prizes for both existing and new Kids’ Saver accounts:

  • Grand Prize for 5 lucky winners: MVR 10,000 each
  • Annual Rewards: MVR 2,500 for 20 active accounts

BML's Deputy CEO and In-charge of the Bank, Aishath Noordeen said with BML's enhanced rates and exciting rewards, the Bank is encouraging savings for the future. She said the Bank believes in equipping future generations with essential financial skills to save and spend wisely.

From today, with each new Kids’ Saver Account, parents can also request for a free reloadable Mastercard Prepaid card. This card can be topped up and used for everyday purchases, paving the way to help kids learn the essentials of budgeting and spending wisely
Aishath Noordeen, BML's Deputy CEO

The Bank said that the new interest rate for the Kids’ Saver account and profit rate for the BML Islamic Kids’ Saver account are applicable for new and existing accounts.

Business BML